Plans Are Announced To Privatize Puerto Rico's Electric Utility

Puerto Rico's government-owned utility has been in big trouble for a long time, with decades of deferred maintenance resulting from the government's refusal to raise rates. Will privatization help the 33 percent of the island residents who are still without electricity four months after Hurricane Maria?

Gov. Ricardo Rossello announced plans Monday to privatize the island's troubled electric utility. In a speech, he said the process of selling off the public utility's assets would begin in days.